Cameco Corporation $CCJ Stock Holdings Lessened by Barometer Capital Management Inc.

Barometer Capital Management Inc. cut its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 96.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 12,800 shares of the basic materials company’s stock after selling 392,100 shares during the period. Barometer Capital Management Inc.’s holdings in Cameco were worth $1,390,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Clearstead Advisors LLC lifted its holdings in Cameco by 0.8% in the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock worth $929,000 after acquiring an additional 85 shares during the last quarter. Legacy Bridge LLC grew its holdings in shares of Cameco by 0.9% during the fourth quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock valued at $1,053,000 after purchasing an additional 100 shares during the last quarter. HB Wealth Management LLC raised its position in shares of Cameco by 3.1% during the 1st quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock worth $387,000 after purchasing an additional 107 shares during the period. Groupama Asset Managment raised its position in shares of Cameco by 5.9% during the 4th quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock worth $176,000 after purchasing an additional 108 shares during the period. Finally, S.A. Mason LLC lifted its holdings in shares of Cameco by 4.8% in the 4th quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock worth $223,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Royal Bank Of Canada increased their target price on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Citigroup reiterated a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Weiss Ratings downgraded shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Truist Financial started coverage on shares of Cameco in a research report on Monday, July 13th. They set a “buy” rating and a $129.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $146.18.

Cameco Stock Performance

CCJ stock opened at $88.68 on Wednesday. The company has a 50-day simple moving average of $102.56 and a 200 day simple moving average of $110.73. The company has a market capitalization of $38.62 billion, a P/E ratio of 82.11, a PEG ratio of 1.39 and a beta of 1.02. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. Cameco Corporation has a fifty-two week low of $68.96 and a fifty-two week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. During the same quarter last year, the company earned $0.16 EPS. Cameco’s quarterly revenue was up 7.1% on a year-over-year basis. Sell-side analysts predict that Cameco Corporation will post 1.29 earnings per share for the current fiscal year.

Cameco Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.